The probability of simultaneous occurrence of at least one of two events A and B is \( p \). If the probability that exactly one of A, B occurs is \( q \), then \( P(A' \cup B') \) is equal to:
Show Hint
Use the inclusion-exclusion principle to compute the probability of union and complements.
Step 1: Use probability relationships.
We know that \( P(A \cup B) = P(A) + P(B) - P(A \cap B) \), and we can express \( P(A' \cup B') \) using the complement rule. Simplifying the equation gives \( 2 - 2p + q \).
Thus, the correct answer is (1).